Michael Shashoua: Seeking Smarter Applications

Compliance technology and artificial intelligence make more inroads among financial data management operations, with opposite levels of disruption to the industry, Michael writes. Two trends that Inside Reference Data covered recently—the rise of “regtech” (regulatory technology) as a spin-off of the development of fintech start-ups, and the increasing application of artificial intelligence and machine learning to data management—are both about how smarter application of technological capabilities can improve the industry’s grasp on data. In the UK, regtech sprung out of fintech because half of new start-ups fold within five years, and fintech ventures are largely start-up in nature. The survivors are those that focus on back-office, compliance and post-trade functions. Compliance demands make regtech services for back offices a surer thing as a start-up venture. Related articles Users of regtech…